Recent Posts • Latest Topics • Unanswered Questions

The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who ...

Ilovebacon22

wrote...

Go to Answer

Posts: 453

Rep:

4 years ago

The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who ...

The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who opt for the seats at the back of the theatre and a higher price for those who purchase seats in the front, around the stage. Which of the following statements is true?

▸

The theatre practices first-degree price discrimination by setting prices based on willingness to pay.

▸

Charging two different prices is an effective way to avoid an excess demand for play tickets; the higher price lowers quantity demanded to some extent.

▸

This is an example of product differentiation but not price discrimination.

▸

Since the cost of producing the play does not change with the seating configuration, this is evidence of price discrimination based on market segmentation.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 114 times

1 Reply

Report

Replies

Answer verified by a subject expert

peaceout3000

wrote...

Posts: 380

Rep:

4 years ago

More solutions for this book are available here

Report

Related Topics

Ilovebacon22 Author

wrote...

4 years ago

Thanks

loki1345

wrote...

Yesterday

Correct

alpheratz

wrote...

2 hours ago

Good timing, thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1352 People Browsing

105 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

241

336

197

Your Opinion

Previous poll results: Do you believe in global warming?

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.